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Dec 9, 2012
12/12
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WBAL
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that had nothing to do with hurricane sandy. >> is the fiscal cliff affecting your business, mike? are you seeing consumers hesitant about buying. we were talking about the fact that consumers are optimistic and business is sitting on cash anticipating the results of the fiscal cliff. what's it doing to your business? >> maria, it's amazing and a head scratcher and maybe i just worry too much but the american consumer believes, or has faith, confidence, whatever you call it that there will be some sort of resolution around the fiscal cliff and that washington, d.c. is not so recklessly irresponsible to throw this economy back in to recession. so they are behaving as if the fiscal cliff will be resolved. so auto sales have met the challenges of the debt crisis of high gas prices and now the fiscal cliff with the american consumer on a durable good saying we think at the end of the day they will do the right thing and this will be resolved. >> what are you seeing out there? you sell all kinds of cars. what are the hottest brands? whether it is luxury, economy brands, what are you sel
that had nothing to do with hurricane sandy. >> is the fiscal cliff affecting your business, mike? are you seeing consumers hesitant about buying. we were talking about the fact that consumers are optimistic and business is sitting on cash anticipating the results of the fiscal cliff. what's it doing to your business? >> maria, it's amazing and a head scratcher and maybe i just worry too much but the american consumer believes, or has faith, confidence, whatever you call it that...
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Nov 14, 2012
11/12
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FBC
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business down with president obama to discuss the fiscal cliff. i keep thinking if we got 10 business people in a room we could solve this thing. >> and he has 12 business people in the room. american express, dow chemical, general electric, all different perspectives you got, but some people are pointing out some of the absentee, wall street in particular. essentially saying to continue conversations with wall street executives. especially when it comes to the fiscal cliff, spoke to a few of them on the way in, no concrete answers on what they hope to address with the president. half the participants involved in some way whether it is the child's counsel for a number of different months, while the meeting is underway hopefully see these guys within the next hour or so. a pretty big day, the president giving a news conference opening oup a bit commission encouraged by some of the news that came out of the news conference specifically willing to look at tax reform, a serious look at entitlement and perhaps even discretionary spending cuts. that is
business down with president obama to discuss the fiscal cliff. i keep thinking if we got 10 business people in a room we could solve this thing. >> and he has 12 business people in the room. american express, dow chemical, general electric, all different perspectives you got, but some people are pointing out some of the absentee, wall street in particular. essentially saying to continue conversations with wall street executives. especially when it comes to the fiscal cliff, spoke to a...
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Dec 23, 2012
12/12
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WTTG
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. >> let's start off talking about the big issue, this fiscal cliff business. there's a lot of talk going on, but is there any real progress being made? >> well, not now. everybody's gone home for a cooling off period. people are home for christmas. the president's out in hawaii. i'm sure the staffs are working on it, but, boy, i have to say, like a lot of people, up till thursday, i thought there was, you know, lot of posturing, lot of jockeying, they were going to get a deal done because the alternative was so terrible. after republicans defeated their own speaker, speaker boehner's plan that would only have raised taxes on people making a million dollars or more, less than 1% of all taxpayers and they thought that was too extreme, i'm not sure we'll get a deal. you could see that in the markets on friday, which went down 100 points. >> another big issue that has everyone talking is what happened in newtown, connecticut, because that has sparked this gun control debate. no matter what side you're on, you'll be talking about that as well. >> we are, indeed. fi
. >> let's start off talking about the big issue, this fiscal cliff business. there's a lot of talk going on, but is there any real progress being made? >> well, not now. everybody's gone home for a cooling off period. people are home for christmas. the president's out in hawaii. i'm sure the staffs are working on it, but, boy, i have to say, like a lot of people, up till thursday, i thought there was, you know, lot of posturing, lot of jockeying, they were going to get a deal done...
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Dec 18, 2012
12/12
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FBC
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the urgent is to avoid going over the fiscal cliff. but that really is just a down payment on the important issue. that is the former fiscal foundation and then building on top of that policy at produces growth and opportunity and jobs. if we simply see a deal on taxes alone, i don't think addresses this as well as entitlement cuts and taxes. neil: i don't know about that, sir, in this environment where there is finger-pointing or blaming, it is greeted poorly. rightly so among americans. they are afraid that they will look even worse. i thik that -- and you are the expert -- i think that they are just afraid of looking like -- you and i know that you could have a problem. it's not the republicans who risk buffalo wing it. >> i certainly hope that's not the case. in regards to tax rates for people who earn more than a million dollars from his willingness to put the debt limit and debate off until late next year. there is general agreement on discretionary spending. i actually thought was interesting to listen to your previous speaker.
the urgent is to avoid going over the fiscal cliff. but that really is just a down payment on the important issue. that is the former fiscal foundation and then building on top of that policy at produces growth and opportunity and jobs. if we simply see a deal on taxes alone, i don't think addresses this as well as entitlement cuts and taxes. neil: i don't know about that, sir, in this environment where there is finger-pointing or blaming, it is greeted poorly. rightly so among americans. they...
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Dec 18, 2012
12/12
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FBC
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meanwhile there are growing concerns tonight among many small business owners ahead of the fiscal cliff, many of whom are looking to sell their businesses to avoid higher taxes come january 1. joining me now, thank you for coming on tonight, appreciate it. you and i talked by phone not too long ago and i asked you what is the reaction among people who have a small business and they know they will sell it at some point, what have they done this year? >> it is kind of schizophrenic. a group that is scared of the uncertainty, they held back and they waited too long, they didn't prep their business up and some liked the gold rush at the end of the year, it is a stampede to the end of the year. i bet you every firm that does due diligence is going upwards. we will not be able to get it done by the end of the year. >>gerri: are there deals you wat done that you don't have enough hours in the day? >> exactly..3 that is just one deal, but we have multiple deals going on, many people have given up at this point and are now not taking defensive strategies restructuring the deals so they can avoid
meanwhile there are growing concerns tonight among many small business owners ahead of the fiscal cliff, many of whom are looking to sell their businesses to avoid higher taxes come january 1. joining me now, thank you for coming on tonight, appreciate it. you and i talked by phone not too long ago and i asked you what is the reaction among people who have a small business and they know they will sell it at some point, what have they done this year? >> it is kind of schizophrenic. a group...
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Nov 19, 2012
11/12
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CNBC
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and what can we expect of the fiscal cliff negotiations? robert wolf is an outside adviser to president obama. a former president of investment banking at ubs and now ceo of the firm 32 advisers. robert, great to see you. >> great to be here, maria. >> thanks for joining us. so you are a rare breed. you're a top wall street executive, but you have a very close relationship with the president. so talk to us about this drama over the fiscal cliff. are we still in the positive touring stage? how does this play out? >> i hope it plays out with a deal. i would have probably put it around 80% a deal. but i would have sliced it this way. i would say 50% of that 80 is that they come up with, like, $60 billion. which is six months of the ten years of the $1.2 trillion sequester. >> okay. >> okay? >> so that's a drop in the bucket. >> a drop in the bucket. so you could do that. and is that would also i would think if you're doing that, you would have to say, okay, and we're going to pass the debt ceiling. that gets you until march, april, and it gets
and what can we expect of the fiscal cliff negotiations? robert wolf is an outside adviser to president obama. a former president of investment banking at ubs and now ceo of the firm 32 advisers. robert, great to see you. >> great to be here, maria. >> thanks for joining us. so you are a rare breed. you're a top wall street executive, but you have a very close relationship with the president. so talk to us about this drama over the fiscal cliff. are we still in the positive touring...
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Dec 13, 2012
12/12
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FBC
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rates as one way to help avoid the fiscal cliff. the roundtable reversed its opposition to that citing its fear of falling off the cliff. its letter was signed by 168 ceos. the national federation of independent business which represents 350,000 small companies went ballistic. >> taking from peter to pay paul. you're ignoring one huge segment of the economy, the small, to mid-size business sethment which is about 37% of netbusiness income, employees over half the private sector workforce saying the corporate side is more more important. >> but the roundtable is also demanding spending cuts including in entitlements as part of any fiscal deal. it is also telling small business owners, basically what is good for corporate is good for you. it says the typical big multinational company buys from 6,000 small vendors. the roundtable says that falling off the cliff will harm all businesses, everybody and that to reach a compromise, quote, we will all need to give a little. david and liz. liz: battling against. now they're fighting each oth
rates as one way to help avoid the fiscal cliff. the roundtable reversed its opposition to that citing its fear of falling off the cliff. its letter was signed by 168 ceos. the national federation of independent business which represents 350,000 small companies went ballistic. >> taking from peter to pay paul. you're ignoring one huge segment of the economy, the small, to mid-size business sethment which is about 37% of netbusiness income, employees over half the private sector workforce...
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Aug 9, 2012
08/12
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CNBC
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the fiscal cliff. >> businesses are saying they're not doing anything until they get some clarity. >> we're moving into september, they're not doing anything for the west of the year anyway. they can say they're not doing anything, but they're budget is spent. in the lame duck session, there is a lot of work done that sets the teenage in the next congress, irrespective of who the president is. from what i hear, it's not something people are thinking about in washington. >> i hope ron is right and we see something in the lame duc congress. >> you're saying the lame duck congress, when? this year? >> of course, they come back, they will have to do something. they already passed a sixth month budget that gets us through march of next year, they have to do some things to stall that. if the republicans take the house, keep the senate, irrespective of what happens in the senate, it will be fiscal rectatude. >> up next, they supported his election four years ago but wall street and corporate america may be closing the wallet on president obama. >> they are spending more time raising money t
the fiscal cliff. >> businesses are saying they're not doing anything until they get some clarity. >> we're moving into september, they're not doing anything for the west of the year anyway. they can say they're not doing anything, but they're budget is spent. in the lame duck session, there is a lot of work done that sets the teenage in the next congress, irrespective of who the president is. from what i hear, it's not something people are thinking about in washington. >> i...
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Nov 25, 2012
11/12
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FBC
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. >> brenda: cavuto on business. >> david: ready to go fiscal cliff diving? apparently a lot of businesses and shoppers are already afraid of the fall. i'm charles payne in for neil cavuto. with the holiday shopping season underway a lot of consumers are saying no way. and more an half sing the uncertainty around the fiscal cliff will impact their spending and job creators are cutting back on spending and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades the air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journal, the fiscal cliff, fiscal cliff, it could be the
. >> brenda: cavuto on business. >> david: ready to go fiscal cliff diving? apparently a lot of businesses and shoppers are already afraid of the fall. i'm charles payne in for neil cavuto. with the holiday shopping season underway a lot of consumers are saying no way. and more an half sing the uncertainty around the fiscal cliff will impact their spending and job creators are cutting back on spending and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell,...
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Nov 15, 2012
11/12
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FBC
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meanwhile, the republicans and democrats are duking it out over the fiscal cliff. small businesses are suffering from the big uncertainty, sitting on the sidelines. with more on this, michael whalen, president and ceo of heart of america group. thank you for coming on the show. how worried are you about this fiscal cliff? >> well, i just had a great pleasure of spending a multi our meeting yesterday with multiple outside accountants as they went through various spreadsheets showing step by step of how the fiscal cliff is going to let hit hard at america. we will create jobs right now, and all i can tell you is, it don't look pretty. gerri: how severe will it be? will you actually have to get rid of staff? does it just to lay your expansion plans? >> it diverts your attention. it certainly is going to divert money resources. clearly. and next week i have two more fun meetings, one that will take a bunch of time on the state tax planning because they now believe that they should have 45 percent of everything else by create in my life and we will waste a bunch of time
meanwhile, the republicans and democrats are duking it out over the fiscal cliff. small businesses are suffering from the big uncertainty, sitting on the sidelines. with more on this, michael whalen, president and ceo of heart of america group. thank you for coming on the show. how worried are you about this fiscal cliff? >> well, i just had a great pleasure of spending a multi our meeting yesterday with multiple outside accountants as they went through various spreadsheets showing step...
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Nov 27, 2012
11/12
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CNBC
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one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house got one thing right today. it released a study showing that a massive year-end tax hike would kill consumer spending by $200 billion, right. so let's not raise taxes. and in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holiday recess with now just 35 days to go. are we any closer to a tax and fiscal cliff fix? cnbc's
one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house...
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446
Dec 5, 2012
12/12
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FOXNEWSW
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at the focus of the fiscal cliff debate. they would bear the blame if we do go over the edge. the president sat down with bloomberg news yesterday to talk about this. he said he might be willing to budge on some things but tax rates on the wealthy must go up. republicans should agree to raise them he says now and trust them that spending cuts will go away. >> let's put a down payment on taxes let's let tax rates on the upper income folks go up. >> they have heard these problems before any deal must tackle entitlements such as medicare and social security to put them on a sustainable path. vice presidential candidate and budget chairman paul ryan says the overall thinking has to change. >> the problem they are the same. but the old ways won't do. we need new thinking and renewed efforts from all americans. look, it is true that president obama won reelection. i congratulate him on his victory. but on january 20th, he will face a stagnant economy and a fiscal mess. you might even say he will inherit these problems. >> this has
at the focus of the fiscal cliff debate. they would bear the blame if we do go over the edge. the president sat down with bloomberg news yesterday to talk about this. he said he might be willing to budge on some things but tax rates on the wealthy must go up. republicans should agree to raise them he says now and trust them that spending cuts will go away. >> let's put a down payment on taxes let's let tax rates on the upper income folks go up. >> they have heard these problems...
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Dec 21, 2012
12/12
by
FBC
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eye 76
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both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with senate democratic leader harry reid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. we expect the president to say that he still wants to get a deal with republicans to do that. that is still going to be time. however, that they will have to do it after the christmass3 holiday. the president plans, is planning to go to hawaii for christmas with his family. speaker boehner has left town. gone back to ohio. for the holiday. the senate is expected to come back on, on december 27th, the thursday next week, which is the earliest that they would be expected to get back to work on this. melissa? melissa: peter, who's left? sounds like it is a ghost town
both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with senate democratic leader harry reid who came down here to try to talk with the president with some strategy moving forward to avert the...
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Dec 14, 2012
12/12
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FBC
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we are watching these folks haggle over the dam fiscal cliff we have an economy that needs to start growing, and we need to start creating jobs and get honest about business practices and public policies that will be at least, incentivized their creation. >> i completely agree with that. i think their is a lot of red tape and regulation that is holding back this economy for backing up momentum. we have had job growth of 140 or so thousand over the past six months if you look at payroll growth. we need something more like posted a 200,000 a month to really make a heavy, meaningful way and out of growth pick up to about the potential. but to the politicians in washington don't feel, at least the private sector can take the baton from here and continue to try to spend and continue to try to cut interest rates and that policy. i think that opens up the door for, you know my real problem down the road. lou: down the road. let's talk about 2013. ben bernanke, two and a half percent inflation is the new target. six and a half% unemployment. did you ever think you'd hear the fed chairman said monet
we are watching these folks haggle over the dam fiscal cliff we have an economy that needs to start growing, and we need to start creating jobs and get honest about business practices and public policies that will be at least, incentivized their creation. >> i completely agree with that. i think their is a lot of red tape and regulation that is holding back this economy for backing up momentum. we have had job growth of 140 or so thousand over the past six months if you look at payroll...
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Nov 27, 2012
11/12
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FBC
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cheryl: we continue our special series fiscal cliff survival kit. washington can't get it together, there are steps you can take to get your fiscal house to get a. fox business anchor tracy byrnes will be at missteps for you to take right now. dennis: he might be divided in any other line of work. he is still on 2 and 1/2 men after calling it fills the. gerri: job security coming up later in the hour. stocks every 15 minutes, nicole petallides. you have a lot every 15 minutes. let's begin. nicole: let's look at what is going on with the dow here. is nowhere near the 14,000 mark when we launched the network but we are at 13,000, not too far off of that level, the dow is down 3 to -- two points. you see the nasdaq and the sp have moved into the green slightly, talking about 0.1%, means there helping things along with names like intel and coca-cola and alcoa the names that have been pressuring the dow, hewlett-packard, american express, microsoft. big picture we're doing all right, yesterday lost 40 points so we're pretty much flat for today, talking a
cheryl: we continue our special series fiscal cliff survival kit. washington can't get it together, there are steps you can take to get your fiscal house to get a. fox business anchor tracy byrnes will be at missteps for you to take right now. dennis: he might be divided in any other line of work. he is still on 2 and 1/2 men after calling it fills the. gerri: job security coming up later in the hour. stocks every 15 minutes, nicole petallides. you have a lot every 15 minutes. let's begin....
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Dec 13, 2012
12/12
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CNBC
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chairman ber bernanke say worries about the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happened with ben bernanke's comments and now the target in terms of tying interest rates to unemployment, which is a very new and big development for the fed. >> cnbc is talking over and over again, 2 million jobs to be lost, not if but when we go over the cliff. ben bernanke is listening to what this network is saying, recognizing there is going to be a dram mat hillsborough county job loss if we go over the cliff that is force austerity, that is firing people. look at spain when they got serious. italy. it meant a lot of firings. he says i see what we are going to do follow these countries that have fiscal responsibility a lot of people are going to be fired. d
chairman ber bernanke say worries about the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happened with ben bernanke's comments and now the target in terms of...
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Nov 21, 2012
11/12
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FBC
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eye 83
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melissa: i don't even think resolving the fiscal cliff would make that much of a difference because businesses still face uncertainty scare them of making decisions. first it was about obamacare, and they were so upset and didn't want to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of commerce, is ask why they are not doing something, it is uncertainty. they ar paid to manage in uncertainty. there's just a lot of nonsense. the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans to validate, that is why they are not investing. melissa: it is so true. a timed everybody blamed the weather. unseasonably cold or hot. this all makes me pretty depressed and makes me feel like the economy will not get better anytime soon. >> by reelecting barack obama, he w
melissa: i don't even think resolving the fiscal cliff would make that much of a difference because businesses still face uncertainty scare them of making decisions. first it was about obamacare, and they were so upset and didn't want to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of...
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Nov 30, 2012
11/12
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CNBC
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. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> what are the long term effects for business travel if the economy falls off the fiscal cliff? the gbta predicts the reduced deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reynolds wolf is standing by. what is happening around the country today? >> the story is all west. everything is taking place out west. rain, some strong winds, even some snow. some places snow getting
. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the...
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Dec 18, 2012
12/12
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CNBC
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how has the impending fiscal cliff affected your business? >> it's interesting. every client meeting i have starts off with what do you think about the fiscal cliff and what is that going to mean to me? should i wait on this decision going forth with my business to purchase something, leverage something, will my tax structure look different. maybe i should wait. >> postpone commitment, postpone decision making. if we do go over the cliff, what would that mean to your business? >> i think over the last number of years, this country has worked so hard to bring confidence back to the marketplace. i think this is the one event that would destroy that confidence that we've built up. if we destroy confidence, i think we're going to have a whole lot of small business owners who will postpone decisions, step on the break, slow things down. this whole concept of let's do no harm to the economy will be shattered. >> nobody likes to see taxes going up. second thing, it's okay if my taxes don't go up but yours do. do small business owners come to you and express their dismay
how has the impending fiscal cliff affected your business? >> it's interesting. every client meeting i have starts off with what do you think about the fiscal cliff and what is that going to mean to me? should i wait on this decision going forth with my business to purchase something, leverage something, will my tax structure look different. maybe i should wait. >> postpone commitment, postpone decision making. if we do go over the cliff, what would that mean to your business?...
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paralyzed by the fiscal cliff. when will deals start to flow? that is coming up next in a fox business exclusive. ♪ says that clear answer is gold hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but whenoint pain and stiffness from psoriat arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffns, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. sious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections e common. don't start enbrel if you ve an infection like the flu. tell your doctor if you're prone to infections, haveuts or sores, have had hepatitis b, have been
paralyzed by the fiscal cliff. when will deals start to flow? that is coming up next in a fox business exclusive. ♪ says that clear answer is gold hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but whenoint pain and stiffness from psoriat arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffns, and stop joint...
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65
Dec 16, 2012
12/12
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FBC
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eye 65
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>> it is part of the fiscal cliff. whether it is increases on dividends or investment income, but keep in mind or the weaker parts of the economy has been business investments. why do we want to tax people in investing? that's what we want people to do to create jobs. it is the wrong time toraise taxes on things like capital investment. that's what was your economy. some of the worst tax increases are going to come about because of obamacare. tracy: that medical device taxes one of them. taxing on topline revenue. that is just ridiculous. an industry that is innovating and is making money right w. >> i am just going to pass it on. there is a myth that is going to come out of executive bonuses or something. the reality is that health care industry will passhese tax increases on the consumer and will actually run a health care costs. at the end of the day, that's what drives her budget problem. tracy: speaking of budgeting, this hurricane sandy bill that has come across the table. we get a 600 billion-dollar bill for hur
>> it is part of the fiscal cliff. whether it is increases on dividends or investment income, but keep in mind or the weaker parts of the economy has been business investments. why do we want to tax people in investing? that's what we want people to do to create jobs. it is the wrong time toraise taxes on things like capital investment. that's what was your economy. some of the worst tax increases are going to come about because of obamacare. tracy: that medical device taxes one of them....
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Dec 14, 2012
12/12
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CNBC
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fiscal cliff and they have acted less aggressively as such. as for consumers, however, he does not believe that the mortgage interest deduction will fall victim to the cliff, at least not yet. >> i don't know if it's on the table or not. i think from person -- from general consumers you'd rather have that come up as a discussion of what to do long term to change the way, broaden the base, change deductions, things like that. >> and he told me that he just doesn't think lawmakers want to change the mortgage interest deduction now given how tenuous the housing market is. some of that recovery is thanks to the major mortgage settlements forcing principal reductions and short sales. bank of america has so far wiped out $7 billion in mortgage principal balance. i asked if that would continue once the bank's obligations under the settlement were completed which could be as soon as this coming march. >> the programs then going forward will provide for similar relief but i think we have offered principal reduction to all of our borrowers. it's been do
fiscal cliff and they have acted less aggressively as such. as for consumers, however, he does not believe that the mortgage interest deduction will fall victim to the cliff, at least not yet. >> i don't know if it's on the table or not. i think from person -- from general consumers you'd rather have that come up as a discussion of what to do long term to change the way, broaden the base, change deductions, things like that. >> and he told me that he just doesn't think lawmakers...
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Nov 30, 2012
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you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean problems for everyone globally and no one would want that. i'm sure that you'll be able to find the right solution by the end of december. >> let us hope. mr. michalos, thank you very much. sue? >>> thank you, ty. two big winners in that $587 million record powerball lottery. but how much do you really need to earn to make you happy? the answer may surprise you. >>> and before you fill up your tank with gas, listen up. aaa is warning regulators to stop sales of a certain type of fuel at the pump because it could damage your car and void your car
you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean...
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Nov 26, 2012
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liz: the countdown to the fiscal cliff 35 days left to reach an agreement or not before a series of automatic tax hikes and spending cuts hit. david: the council of economic advisors released by the tax cuts expire would have effect on the consumer spending. the member of the cabinet, alan krueger. thank you for coming in. >> thank you for having me. david: they came out with a report of how much revenue to collect if in fact all the tax increases took place. they come up with a figure of $82 billion per year. only 8% of the trillion dollars deficit why risk slowing down the economy, which a lot of people say might happen if you increase taxes why slow the economy for such a collectively small amount of money? >> first thought don't think it is a small amount of money. we need a balanced approach. david: uribe 2% of the deficit unfunded if you do that. >> to look at the president's budget, what he proposes is raising $1.6 trillion proposing spending cuts as well, combination of which would put us on a sustainable path in the economy in the long run. what we should avoid doing is having gridlo
liz: the countdown to the fiscal cliff 35 days left to reach an agreement or not before a series of automatic tax hikes and spending cuts hit. david: the council of economic advisors released by the tax cuts expire would have effect on the consumer spending. the member of the cabinet, alan krueger. thank you for coming in. >> thank you for having me. david: they came out with a report of how much revenue to collect if in fact all the tax increases took place. they come up with a figure of...
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Nov 28, 2012
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, cater pillar, macy's and others, will be talking fiscal cliff with the president and a couple of those ceo's, in addition to others o'clock will head up to capitol hill to meet with republican leaders on the same topic. back to you in new york. >> gretchen: all right. thanks so much for that update. now to your other top stories. new video out of syria showing rebels shooting down military helicopter. watch this. [ cheering ] we heard that chant before, that's ala akbar, as the chopper plunges to the ground in a ball of flames. it's reportedly the first time the rebels shot down a helicopter with a surface to air missile. >> brian: tough to find a side to root for. real life drama for a former "melrose place" star. the actress found guilty of vehicular homicide for killing a woman while driving drunk back in 2010. she admitted to drinking several glass of wine before getting behind the wheel. she sped off before the other driver could call the cops. she faces up to ten years in prison. >> gretchen: it's your tax dollars hard at work, people who live in buffalo, new york, spent a whoppi
, cater pillar, macy's and others, will be talking fiscal cliff with the president and a couple of those ceo's, in addition to others o'clock will head up to capitol hill to meet with republican leaders on the same topic. back to you in new york. >> gretchen: all right. thanks so much for that update. now to your other top stories. new video out of syria showing rebels shooting down military helicopter. watch this. [ cheering ] we heard that chant before, that's ala akbar, as the chopper...
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Dec 17, 2012
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they feel that owners are fearing the worst when it comes to congress and the fiscal cliff. with more on the president's business policies, expert carol roth. i'm glad you're with us. i actually had the pleasure of interviewing the nfib chief economist. he said that you would've thought that confidence was down because of hurricane sandy, but it wasn't. it was because of the election. people fear the future. these are our job creators to absolutely. they are paralyzed. >> they are not sure what to expect. the longerwe go on with fiscal cliff nonsense, and then we have obamacare, which then a lot of them will have to endure in some way shape or form, everybody is very concerned about that. in the face of uncertainty, the choices do notng. it is very difficult to play a game if you don't where thh rules are. the small business community is kind of sitting on the sidelines awaiting, and that's not what we want from the job creators were country. >> it's interesting because we saw cap tech spending for big companies come to a screeching halt. we are starting to see it with sml b
they feel that owners are fearing the worst when it comes to congress and the fiscal cliff. with more on the president's business policies, expert carol roth. i'm glad you're with us. i actually had the pleasure of interviewing the nfib chief economist. he said that you would've thought that confidence was down because of hurricane sandy, but it wasn't. it was because of the election. people fear the future. these are our job creators to absolutely. they are paralyzed. >> they are not...
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Nov 20, 2012
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most of the predictions have been, if we go over the fiscal cliff, then the odds of recession go way up. you are saying just the opposite. if we do not go over, if we come to a deal, we go to recession. >> just postpone it for six months. put it off so you make it something sensible done. we will see what the circumstances are. to raise taxes now will hurt. you combine that with what the fed is doing, this qe3, which will make it harder for small to medium-size business to get credit. you put that together and that will guarantee a slowdown. dagen: and a lot of republicans are throwing in the towel on the tax increase on wealthier americans. they think it is inevitable. why fight it at this point. we heard it from bill kristol a couple of weeks ago. >> obama does not occupy the high moral ground alone. what they should do, but will not, you want clinton type of tax rate that we had back in the 1990s, okay, give us that clinton type of error. in return, we want spending levels proportion to the economy. repeal obamacare. republicans should go on offense instead of just letting the dem
most of the predictions have been, if we go over the fiscal cliff, then the odds of recession go way up. you are saying just the opposite. if we do not go over, if we come to a deal, we go to recession. >> just postpone it for six months. put it off so you make it something sensible done. we will see what the circumstances are. to raise taxes now will hurt. you combine that with what the fed is doing, this qe3, which will make it harder for small to medium-size business to get credit. you...
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cliff negotiations. at the closing bell the dow is down 14 points. modest losses across the board. that is the latest from the fox business network. giving you the power to prosper our efforts result in ty of care and ice we're able to provide... which means better health outcomes... anmore quality time to share with the onewho matter most. i love you, grandma! [ male announcer ] humana. ♪ liz: every year "inc." magazine comes out with its company of the year and this year it is zumba fitness. citing its business model as a major factor for the success. here with more on the company's growth and future plans, ceo and cofounder alberto pearlman. what a story with entrepreneural twist that is so amazing. you were a dancer at age eight. >> i wasn't a dancer. perez was the dancer. liz: but you know how to dance now. >> a little bit. but that was not the dancer. liz: how did you simply decide this was an idea that could really get going? >> well, i was having dinner at my parents house and my mom was taking
cliff negotiations. at the closing bell the dow is down 14 points. modest losses across the board. that is the latest from the fox business network. giving you the power to prosper our efforts result in ty of care and ice we're able to provide... which means better health outcomes... anmore quality time to share with the onewho matter most. i love you, grandma! [ male announcer ] humana. ♪ liz: every year "inc." magazine comes out with its company of the year and this year it is...
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Dec 18, 2012
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the fiscal cliff here and the recession over in europe. i think us getting through that makes oracle a nice pick into 2013. sadly, i've got to side with weiss. >> why is that sad? >> it always sad when i have to side with you, steve. >> we'll close on that. >>> in the meantime, speaker boehner's comments gave hope that we're close to a fiscal deal, make not a grand one but ap deal nonetheless. what will that mean for stocks? let's go to jackie. >> scott, that's exactly right. stocks getting a bid off those comments from house speaker boehner suggesting the idea of a plan b. but could a resolution to the fiscal cliff be an ultimate sell the news trade? let's talk futures now. let's start with you, rich. how much how yeigher do you thi stocks will go due to this deal? >> we were looking at levels of 1440. it broke out yesterday at 1424. this is our target. we've hit that. but if we close above 1440, i think that opens up the deal potentially to yearly highs. 1468, 1463 i think could be in the cards if we get a strong close above 1442. there'
the fiscal cliff here and the recession over in europe. i think us getting through that makes oracle a nice pick into 2013. sadly, i've got to side with weiss. >> why is that sad? >> it always sad when i have to side with you, steve. >> we'll close on that. >>> in the meantime, speaker boehner's comments gave hope that we're close to a fiscal deal, make not a grand one but ap deal nonetheless. what will that mean for stocks? let's go to jackie. >> scott, that's...
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Nov 14, 2012
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will this doubling down derail a deal on the fiscal cliff? >> plus a salary that is as good as gold. one montana lawmaker is demanding to get paid in gold coins. he is here to explain why in a fox business exclusive. >>> screw market prices. one gas station charges $3 more. $3 more per gallon than his nearby competitors. and it is is making a killing. the strategy is far more widespread than you might think. we have details on that coming up. even when they say it's not, it is always about money. melissa: all right. first the day's market headlines. a bad day for stocks just keeps getting worse. a news conference by president obama only amplified fears about the fiscal cliff and down to a 4-month low down 185 points. banks of america led the slide, closing down more than 3 1/2%. one bright spot, cisco shares surged 5% on an earnings beat. >>> now to our top story, president obama may be a betting man because he is trying to double down on how much tax revenue will be raised as part of the fiscal cliff deal. after meeting with business leaders
will this doubling down derail a deal on the fiscal cliff? >> plus a salary that is as good as gold. one montana lawmaker is demanding to get paid in gold coins. he is here to explain why in a fox business exclusive. >>> screw market prices. one gas station charges $3 more. $3 more per gallon than his nearby competitors. and it is is making a killing. the strategy is far more widespread than you might think. we have details on that coming up. even when they say it's not, it is...
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. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nation's debt ceiling. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the brink of default again as part of a budget negotiioion, i will not play that game. >> republicans held their meeting with small business owners and denied they are trying to punt until next year. >> i'll be here. i'll be available at any moment to sit down with the president to get serious about solving the problem. >> they noted the president has not scheduled any meetings with g.o.p. leaders in weeks and not offered a counterproposal to boehner's plan from last week. >> frankly, it was the balanced approach the president's been asking for. we need a response from the white house.
. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nation's debt ceiling. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt...
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Nov 28, 2012
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speaking of business, we have about 30 more minutes of business. >> top ceos set for a fiscal cliff meeting with president obama just over an hour from now. we're going to take you live to the white house next. plus, we'll hear from one democratic lawmaker willing to dive head first off the cliff if that's what it takes to reach what he thinks is a good deal on tax hikes while protecting entitlements. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2
speaking of business, we have about 30 more minutes of business. >> top ceos set for a fiscal cliff meeting with president obama just over an hour from now. we're going to take you live to the white house next. plus, we'll hear from one democratic lawmaker willing to dive head first off the cliff if that's what it takes to reach what he thinks is a good deal on tax hikes while protecting entitlements. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550...
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Nov 14, 2012
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, on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less revenues. lou: do you interpret all of the drama to be a lack of faith? in front of the growth model that has been demonstrated, as you point out, over the past two years. they are really saying the economy cannot grow fast enoh to support the government. we will not see revenue increase unless we raise taxes. >> that is correct. the pre-verse thing is you don't get growth if you rai tax rates. in california and several other states that top rate is approaching 50% effectively wi a 50% top rate, a business he as much incentive to fire somebody to lower-cost as to hire somebody to increase revenues. lou: it is a high risk experiment, but nonetheless experime
, on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less revenues. lou: do you interpret all of the drama to be a lack of faith? in front of the growth model that has been demonstrated,...
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Nov 30, 2012
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going over the fiscal cliff is serious business. and i am here seriously trying to resolve it and i would hope that the white house would get serious as well. a congressional republican aide said the only changes in the entitlement come from the president's budget that was voted down by the u.s. senate 99-zero and zoro democrats supported it. the white house said it is the republicans and their refusal to ask higher income americans to pay higher rates. >> asking for a price to be paid for congress to do its job and insure that the united states of america does pay the bills is deeply irresponsible. it was deeply irresponsible in the summer of 2011 and deeply irresponsible if we were to see that kind of approach taken again. >> something new in the proposal. they want to continue to raise the debt limit on their own unless two-thirds of lawmakers say no. >> gretchen: do you remember on this program yesterday where we said this is not a deal. what is proposed is not a deal. a definition of deal, both sides give something, right. this
going over the fiscal cliff is serious business. and i am here seriously trying to resolve it and i would hope that the white house would get serious as well. a congressional republican aide said the only changes in the entitlement come from the president's budget that was voted down by the u.s. senate 99-zero and zoro democrats supported it. the white house said it is the republicans and their refusal to ask higher income americans to pay higher rates. >> asking for a price to be paid...
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Nov 29, 2012
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we don't need to navigate the fiscal cliff. that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion because the business radio he said were talking about what the impact of going overt cliff would be and also with a it would be down the line. >> gretchen: but so much, nick, of what's been discussed in the press is only about increasing taxes. you just got done talking about the fact that a stool falls over unless you have the other legs there. did you get the sense in these insider talks that people are actually going to take on entitlement reform? >> i think behind the scenes talk, yes. right now there is a lot of public posturing going on and that, i think, i personally think that's a pro
we don't need to navigate the fiscal cliff. that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion...
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Nov 13, 2012
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then if president obama and john boehner can rise above and get a deal done for the fiscal cliff, there is a lot of money that could be made in stocks. and why shouldn't top military and business leaders maintain an honorable code of conduct? isn't it better to have a moral center? general david petraeus is a great man. but he made, unfortunately, a great mistake. first up, are we on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> r
then if president obama and john boehner can rise above and get a deal done for the fiscal cliff, there is a lot of money that could be made in stocks. and why shouldn't top military and business leaders maintain an honorable code of conduct? isn't it better to have a moral center? general david petraeus is a great man. but he made, unfortunately, a great mistake. first up, are we on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake...
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Nov 29, 2012
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are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on local, helping businesses retain customers an drive frequency in their local markets can really help drive through any potential impact of a fiscal cliff. >> jeff, what are you hearing in the valley about the fiscal cliff, how concerned are the other people that you talk to, the inknow vnovators out there, are millionaires, billionaires and many of whom are trying to start new businesses in the valley. >> you know, the perception is more about -- the talk is more about the potential impact on business and allowing -- not taking action to address this issue and letting it expire is bad for business. every
are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on...
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Nov 27, 2012
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meanwhile, week before we fall off the fiscal cliff at the conclusion of this year, lawmakers in washington are reaching out to the people who actually run businesses for help. molly henneberg joins us live from the white house today to tell us about the meeting at casablanca. >> good morning. any president has the bully pulpit and president obama intends to use it more and more, the white house says, to get across his message, his solution on the fiscal cliff. so today he will meet with small business owners here at the white house. tomorrow he will meet with middle class americans. and on friday, he'll make the public case for extending tax cuts on the middle class and raising taxes on families making more than $250,000 when he visits a business in pen opinion. the president's press secretary says on this highly charged issue, quote, public communication is essential. >> some of the lessons that we learned over the last four years have to do with always being mindful of the fact that engaging the public on these sometimes chewy policy debates is important because they care and they have a
meanwhile, week before we fall off the fiscal cliff at the conclusion of this year, lawmakers in washington are reaching out to the people who actually run businesses for help. molly henneberg joins us live from the white house today to tell us about the meeting at casablanca. >> good morning. any president has the bully pulpit and president obama intends to use it more and more, the white house says, to get across his message, his solution on the fiscal cliff. so today he will meet with...
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Dec 19, 2012
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dagen: negotiators still hammering away at the fiscal cliff steele. why no deal may be better than a bad one. connell: we will be right back. ♪ >> i am lori rothman with their your fox business brief. trans canada -- production has halted in that state after a temporary restraining order. it was issued after the land owner claims he was defrauded by the company. price tag 525 million. the sale is a key step to the company's effort to emerge. although cars moving. consumer complaints said that driving was what they were doing when that glass shattered. that is the latest from the fox business network. giving you the power to prosper. ♪ i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. dagen: we are waiting for remarks from president obama. the "wall street journal" is saying the country may be better off with no deal at all rather than a bad deal. conn
dagen: negotiators still hammering away at the fiscal cliff steele. why no deal may be better than a bad one. connell: we will be right back. ♪ >> i am lori rothman with their your fox business brief. trans canada -- production has halted in that state after a temporary restraining order. it was issued after the land owner claims he was defrauded by the company. price tag 525 million. the sale is a key step to the company's effort to emerge. although cars moving. consumer complaints...
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Dec 21, 2012
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concern over the fiscal cliff sparks a sharp selloff on wall street. at the closing bell the dow finished down 124 points. >> oreo cookie is not the only thing at mon today lease international with a sweet package. the ceo is getting a special stock award worth $10 million for what the company is calling a top tier performance. the package includes stock that will vest after three years and restricted stock based on the company's performance. >>> with three days left until christmastime for the final holiday shopping push. mastercard advisors says shoppers are expected to spend $34 million today and tomorrow. according to "consumer reports", 132 million people, they haven't finished their shopping just yet. that is the latest from the fox business network, giving you the power to prosper. copd makes it hard to bathe, but with advair, i'm breathing better. so now i can be the scene. advair is clinically proven to help significantly improve lung function. unlike moscopd medications, advair contains both an anti-inflammatory and a long-acting bronchodator
concern over the fiscal cliff sparks a sharp selloff on wall street. at the closing bell the dow finished down 124 points. >> oreo cookie is not the only thing at mon today lease international with a sweet package. the ceo is getting a special stock award worth $10 million for what the company is calling a top tier performance. the package includes stock that will vest after three years and restricted stock based on the company's performance. >>> with three days left until...
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Dec 17, 2012
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cliff, to a longer-term deficit reduction bill or series of activities. >> bill, it's josh. you know, first let me congratulate you, business week magazine called 2012 the year of vanguard the other day and looking at the fund close that's clearly the case. do you think that is an improving psychological environment where markets tend to be a little bit less volatile and stocks start to separate from each other? does that change anything about the fundamental idea of indexing and passive versus active? do you think that people are going to go through more stock picking as they have in the past in better markets, or has the mind-set changed permanently? what would be your take on that? >> yeah, so, look you're going to have cycles where active and passive, you know, each one looks relatively good versus the other. but, you know, the real fundamental issue that's going on here is, i think there's been a recognition that the cost of investing is actually one of the big predictors of future performance. so if you're an active manager and you're really expensive, it's that much h
cliff, to a longer-term deficit reduction bill or series of activities. >> bill, it's josh. you know, first let me congratulate you, business week magazine called 2012 the year of vanguard the other day and looking at the fund close that's clearly the case. do you think that is an improving psychological environment where markets tend to be a little bit less volatile and stocks start to separate from each other? does that change anything about the fundamental idea of indexing and passive...
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Nov 17, 2012
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fiscal cliff? what fiscal cliff.@ >> our challenge is to make sure that we are able to cooperate together, work together, find some ommon ground, make some tough compromises, built come -- build some consensus to do th people's business. lou: did they figure out a way to steer way from that cliff? ngssman louis gummer jns us next. rising tension. raeli troops are massing has accomplished on the gaza border escalates. the latest details and just moments. seems they haven't been mong much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience d service to keep things rolling. from business loans to cash management, we want to be your partner movi forward. so switch to regioions. and let's get going. together. ♪ lou: disco cliff negottions under way at the white house today. a solution to our economic problems easier than people believe. talkinwith us here tonight about those discussions and also his call for a special pro
fiscal cliff? what fiscal cliff.@ >> our challenge is to make sure that we are able to cooperate together, work together, find some ommon ground, make some tough compromises, built come -- build some consensus to do th people's business. lou: did they figure out a way to steer way from that cliff? ngssman louis gummer jns us next. rising tension. raeli troops are massing has accomplished on the gaza border escalates. the latest details and just moments. seems they haven't been mong much...
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Dec 17, 2012
12/12
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cheryl: jeff flock takes a look at how the fiscal cliff is threatening one business. >> the businesses that fix your cars, bake your bread, do all the other stuff in life. is fixing the fiscal cliff easier than fixing an automotive transmission? that and more when we come back. stay tuned. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. dennis: time warner stock pumping up today. one reason could be the pointy eared superstar, "the hobbit." setting an all-time high for a film opening in december. time warner, this geek fest opens to almost as much money as the four films took in combined. it has done even better in china, $84 million in china alone versus 70 million in the u.s. so far. lastly there is this, watch out, espn. fox sports may be coming after you. espn worth more than $40 billion. now the "wall street journal" is reporting fox is looking at setting up a new sports channel nex
cheryl: jeff flock takes a look at how the fiscal cliff is threatening one business. >> the businesses that fix your cars, bake your bread, do all the other stuff in life. is fixing the fiscal cliff easier than fixing an automotive transmission? that and more when we come back. stay tuned. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex...
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Nov 19, 2012
11/12
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i will break down the fiscal cliff. gerri: there is no doubt about it. there is a disconnect when it comes to consumers and their view of the economy. today, "the wall street journal" reports ceos are pulling back on spending and expanding and hiring, as we mentioned earlier in the show. half of the nation's 40 train corporations are sinking into debt. consumers are using their credit cards more and more. spending excesses are becoming more prominent. the national credit card delinquency rate edged higher in the third quarter, while the average credit card debt for bauer jumped 5% from a year ago to almost $5000. that is a lot. main street and wall street, we are living on two different planets. the difference may have something to do with the corporate bean counters that have their eyes fixed on washington as the country comes closer to the fiscal cliff. tax rates spike, extra taxes on dividends from the list goes on and on. the economy is headed into a recession if it's not already there. consumers don't have a crystal ball that is quite revealing. $35
i will break down the fiscal cliff. gerri: there is no doubt about it. there is a disconnect when it comes to consumers and their view of the economy. today, "the wall street journal" reports ceos are pulling back on spending and expanding and hiring, as we mentioned earlier in the show. half of the nation's 40 train corporations are sinking into debt. consumers are using their credit cards more and more. spending excesses are becoming more prominent. the national credit card...
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Sep 5, 2012
09/12
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CNBC
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first of all we have the highest corporate tax rate in the world, an unsolved fiscal cliff. business uncertainty over taxes, spending, deficits and political deadlock. what did we do four years ago and what's going to be done to stop this decline? we have cnbc contributor jared bernstein, and we welcome allison fraser, heritage foundation director of economic policy. i really can't stand that we are slipping in this rating. i want america first. what's gone wrong here? >> this is no surprise. as you said it's the fourth year we have slipped. we are in seventh place. the heritage index of economic freedom has shown the same thing. one of the major reasons is we have a deaf sut and debt crisis that washington is simply not dealing with. one of the major issues that is confronting washington and really the larger economy today. major part of the fiscal cliff. >> they say it's no longer reliable. that just gets the hair on the back of my head up. my blood boiling. this has to change. >> i couldn't agree more. let me make different points though. first of all, this may surprise y
first of all we have the highest corporate tax rate in the world, an unsolved fiscal cliff. business uncertainty over taxes, spending, deficits and political deadlock. what did we do four years ago and what's going to be done to stop this decline? we have cnbc contributor jared bernstein, and we welcome allison fraser, heritage foundation director of economic policy. i really can't stand that we are slipping in this rating. i want america first. what's gone wrong here? >> this is no...
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Dec 26, 2012
12/12
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CNBC
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stick around for our cliff discussion and more video on the fiscal cliff as well. you're watching cnbc, first in business worldwide. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor righ
stick around for our cliff discussion and more video on the fiscal cliff as well. you're watching cnbc, first in business worldwide. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male...
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cliff concerns really mean for businesses and your money. jim aim most, chairman of tasti delight and plan net smoothie. we have the ceo of fastsigns. jamie richardson is the vice president of white castle. we have a power panel. thanks for joining us. i want to start with news from clarence otis, ceo of darden restaurants. obviously he came out of and said the forecast for his company going forward is looking very bleak. the negative media coverage focused on darden and how they might accommodate health care reform. he said they would have to go ahead and use many more part-time workers because obamacare was simply too expensive. there was a big backlash against that. so he is going to have to go ahead and, as a result, they are going to keep full-time workers on. they're stuck with the cost of obamacare. he also said, they're having a tough time, people aren't coming into the restaurants because the economy is bad. so in my mind he spoke out. he got punished for it. at the same time the economy is terrible. he is really struggling. at the
cliff concerns really mean for businesses and your money. jim aim most, chairman of tasti delight and plan net smoothie. we have the ceo of fastsigns. jamie richardson is the vice president of white castle. we have a power panel. thanks for joining us. i want to start with news from clarence otis, ceo of darden restaurants. obviously he came out of and said the forecast for his company going forward is looking very bleak. the negative media coverage focused on darden and how they might...
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Nov 28, 2012
11/12
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FBC
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eye 101
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the looming fiscal cliff. the president's criticized for only sitting down with big business, ceo, and union leaders. joining me now are three owners who atented the meeting with the president, tillegge construction and andy, president of a. harold and associates. welcome, all. i want you all to answer this question. what does your company do? keith, starting with you. >> hi, gerri, thanks for having me. a general contracting company, mainly in defense, and we are located in baton rouge, louisiana, reasonable offices in dallas, texas, and general contractor. -erri: all right, julia? >> hi, thank you so much, gerri. we help people become healthier, happier, and smarter. gerri: i need a lot of that, yeah. >> it helps you exercise better and sleep better and get better nutrition. gerri: oh, my lord. >> lose pounds. gerri: sounds magical. >> we hope it is. gerri: andy, you're a defense contractor; correct? >> yes, thank you very much for having me tonight. gerri: you're welcome. glad to have you here. andy, how di
the looming fiscal cliff. the president's criticized for only sitting down with big business, ceo, and union leaders. joining me now are three owners who atented the meeting with the president, tillegge construction and andy, president of a. harold and associates. welcome, all. i want you all to answer this question. what does your company do? keith, starting with you. >> hi, gerri, thanks for having me. a general contracting company, mainly in defense, and we are located in baton rouge,...